For saleSingle family
$997,000
6386 296th St E
Cannon Falls MN 55009
3 beds, 3 baths, 3,148 sqft
6386 296th St E is a 3 beds, 3 baths, 3,148 sqft single family home for sale at $997,000 in Cannon Falls MN 55009. At 20% down it rents for an estimated $2,000/mo and returns -$5,117/mo a month at a 0.5% cap rate.
The deal math
Modelled at 20% down on a 30-year loan at current market rates, before management, vacancy and maintenance reserves.
- Estimated rent
- $2,000/mo
- Monthly cash flow
- -$5,117/mo
- Cap rate
- 0.5%
- Cash-on-cash
- -30.8%
- Max offer
- $241,000
Offer ≤ $241,000 (76% below asking) to hit a 1.2 DSCR and 8% cash-on-cash.
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